More information about the Economics discipline

Economics is defined as "the study of the production, distribution and consumption of goods and services in human society" in the Economist's Dictionary of Economics. The objective is to explain how economies work and how economic agents interact. Simply put, economics is the study of how people choose to use resources including, but not limited to the time, the land, buildings, equipment and the knowledge. It has unique methods for analyzing and predicting individual behavior, along with the effects of institutions such as firms and governments, or clubs and religions.

Economics is divided into two main branches; microeconomics and macroeconomics. Microeconomics looks into the behavior of basic elements in the economy, including individual markets and agents (such as consumers and firms, buyers and sellers). For instance, how the change of the price of a good would influence a family's purchasing decisions would be of interest to microeconomics. Macroeconomics, on the other hand, examines the sum total of the decisions made by individuals in a society. Hence it looks into issues affecting an entire economy such as unemployment, inflation, economic growth, and monetary and fiscal policy. As such, how a change in interest rates would influence national savings would be an issue of interest for macroeconomics.

Suggested Study Programmes

Investment management, also known as asset management or fund management, is about managing money by investing it in a variety of asset classes including equities and bonds. If you are looking to launch your career in the investment industry, the Cranfield MSc in Investment Management will give you the knowledge and skills you need to succeed in this highly competitive sector.

The LLM Law and Economics is a joint programme offered by the Centre for Commercial Law Studies and the School of Economics and Finance at Queen Mary University of London. It is a specialist programme which aims to provide rigorous training in theoretical and applied economic analysis as a means of analysing law and the legal framework. It is designed for students with an academic background in Law or Economics.

Pharmacoeconomics is a scientific field that evaluates and compares the value of one drug or therapy to another. Pharmacoeconomic studies serve to guide optimal healthcare resource allocation, in a standardized and scientifically grounded manner. In this track, students will learn to critique and apply pharmacoeconomic methods involving cost minimization, cost effectiveness, cost utility, and cost benefit to improve clinical decision making.

The MBA in International Business is a one-year double degree MBA program offered by the International Business School Alliance (IBSA). It enables students to study in two countries, receiving masters' degrees from two institutions.

The graduate program in Economics is designed for students who wish to gain a thorough theoretical and empirical knowledge of key economic principles. Students will be endowed with in-depth understanding of recent economic issues and are expected to develop a high level of autonomy with regard to research and methodology.

Chicago Booth offers a complete range of Full-Time, Evening MBA and Weekend MBA, and Executive MBA programs. All programs offer the same powerful, effective business education that prepares you to solve the greatest business challenges. And each will transform the way you think about businessAll our programs offer the same degree, taught by the same world-class faculty, with the same peerless standard of quality. Only the format differs. You choose the one that meets your interests, goals, experience, and availability.

The Masters of Arts in Management prepares students to become authentic, transformational leaders capable of managing organizational change and effectiveness. Students will explore leadership and organizational management theories, concepts and practices necessary to become effective visionaries capable of developing strategic initiatives geared toward making an impact on organizations’ human capital, systems and processes.

Online MS in Economic Crime Management: provides professional education to individuals who desire to advance their expertise in managing corporate and technological resources to combat financial crime. The program combines the areas of management, technology, and analytical skills with a knowledge and understanding of economic crime from a global perspective.

The MSc Management in a Service Economy is designed for those who want to work in a global setting and have a passion for service in the changing global world. The course addresses the needs of the service-centred global business world, for whom service counts. It creates graduates with the necessary knowledge and expertise to manage international service organisations and who stand out from the crowd.

Economics is the study of all those aspects of individual and social activities related to the choice, production, distribution, and consumption of goods and services. In relation to these decisions, economics is concerned with the behavior and interaction of individuals, private firms, and other institutions and government agencies.

The Master in Professional Accounting program at The University of Texas at Austin has been widely recognized as the leading graduate accounting program in America. It has been ranked number one by US News & World Report for the past six years.